Best Solar Company in North Hills, CA

A solar power purchase agreement (PPA) is an agreement that is financial in nature. an outside solar developer manages, owns, and maintains its solar photovoltaic (PV) system, and a customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) during a specific period of time. PPAs with solar are a popular method for schools, businesses and other entities to go solar with little to no upfront expense. While solar PPAs may provide substantial financial benefits, it is important to understand that you will be relinquishing certain benefits which come with having your solar panel. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be in a position to sell excess power to the grid. In addition, you may be subject to annual price increases and also fees for early termination if you choose to cancel the agreement prior to the expiration of the contract. This is why it’s important to carefully consider all of the pros and cons of solar PPAs prior signing one.